Al Ahli for Investment posts 80% YoY consolidated profit decline
Updated 11/20/2022 11:14:33 AM
Arab Finance: Al Ahli for Investment and Development (AFDI) posted a 80.07% decline in consolidated net profit attributable to the parent company for the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 20th.
The company recorded consolidated net profit attributable to the parent company of EGP 2.30 million in the nine-month period ended September 30th, compared to EGP 11.55 million in the year-ago period.
Total revenues stood at EGP 56.23 million in the January-June period of 2022, up from EGP 44.28 million in the same period of 2021.
As per the standalone financial statement, the company achieved a standalone net profit after tax of EGP 1.72 million in the period from January 1st to September 30th, compared to EGP 379,627 million in the same period last year.
Al Ahli for Investment is an Egypt-based company engaged in the provision of investment services within the Egyptian and regional capital markets.
The company offers its services through six segments of non-banking operations; corporate finance, investment banking, research and analysis, capital markets, and asset management.
